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Australia Inflation February 2024

Australia: Inflation stable in February

Inflation came in at January’s 3.4% in February, marking the joint-lowest reading since November 2021. Stronger increases in prices for transport and education offset softer increases in prices for food and alcohol and tobacco.

Meanwhile, annual average inflation moderated to 4.9% in February from 5.2% in January.

Lastly, consumer prices rose 0.49% over the previous month in February, following January’s 0.41% increase.

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